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NASDAQ:PENN

PENN Entertainment - PENN Stock Forecast, Price & News

$34.07
-1.78 (-4.97%)
(As of 02/2/2023 10:16 AM ET)
Add
Compare
Today's Range
$33.56
$34.51
50-Day Range
$28.31
$35.85
52-Week Range
$25.49
$51.72
Volume
1.12 million shs
Average Volume
2.08 million shs
Market Capitalization
$5.28 billion
P/E Ratio
23.99
Dividend Yield
N/A
Price Target
$45.06

PENN Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
32.5% Upside
$45.00 Price Target
Short Interest
Healthy
7.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.41mentions of PENN Entertainment in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$4.92 M Sold Last Quarter
Proj. Earnings Growth
4.76%
From $1.47 to $1.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Consumer Discretionary Sector

73rd out of 271 stocks

Hotels & Motels Industry

7th out of 25 stocks


PENN stock logo

About PENN Entertainment (NASDAQ:PENN) Stock

PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

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PENN Stock News Headlines

Penn National Gaming Inc Reveals Drop In Q4 Profit, misses estimates
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
PENN Entertainment Reports Fourth Quarter Results
PENN Entertainment's (PENN) Q4 Earnings: What's in Store?
PENN Entertainment (PENN) Set to Announce Earnings on Thursday
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
Stifel Nicolaus downgrades Penn National Gaming (PENN) to a Hold
PENN Entertainment (NASDAQ:PENN) PT Raised to $33.00
ShowBiz Minute: Penn, Michaels, Dior
See More Headlines
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PENN Company Calendar

Today
2/02/2023
Last Earnings
2/02/2023
Next Earnings (Confirmed)
2/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:PENN
CUSIP
70756910
Employees
21,973
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$45.00
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+32.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
17 Analysts

Profitability

Net Income
$420.80 million
Pretax Margin
2.76%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.47 per share
Book Value
$24.02 per share

Miscellaneous

Free Float
152,791,000
Market Cap
$5.28 billion
Optionable
Optionable
Beta
2.23

Social Links


Key Executives

  • Jay A. SnowdenJay A. Snowden
    President, Chief Executive Officer & Director
  • Todd George
    Executive Vice President-Operations
  • Felicia Kantor Hendrix
    Chief Financial Officer & Executive Vice President
  • Richard Primus
    Chief Information Officer & Senior Vice President
  • Harper H. Ko
    Secretary, Chief Legal Officer & Executive VP













PENN Stock - Frequently Asked Questions

Should I buy or sell PENN Entertainment stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last twelve months. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PENN shares.
View PENN analyst ratings
or view top-rated stocks.

What is PENN Entertainment's stock price forecast for 2023?

17 analysts have issued twelve-month price targets for PENN Entertainment's stock. Their PENN share price forecasts range from $33.00 to $65.00. On average, they anticipate the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
View analysts price targets for PENN
or view top-rated stocks among Wall Street analysts.

How have PENN shares performed in 2023?

PENN Entertainment's stock was trading at $29.70 on January 1st, 2023. Since then, PENN shares have increased by 20.7% and is now trading at $35.85.
View the best growth stocks for 2023 here
.

When is PENN Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our PENN earnings forecast
.

How can I listen to PENN Entertainment's earnings call?

PENN Entertainment will be holding an earnings conference call on Thursday, February 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) announced its quarterly earnings results on Thursday, November, 4th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by $0.32. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. PENN Entertainment had a net margin of 3.86% and a trailing twelve-month return on equity of 6.42%. PENN Entertainment's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS.
Read the conference call transcript
.

How will PENN Entertainment's stock buyback program work?

PENN Entertainment declared that its board has initiated a share repurchase plan on Thursday, February 3rd 2022, which allows the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

What guidance has PENN Entertainment issued on next quarter's earnings?

PENN Entertainment updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.55 billion, compared to the consensus revenue estimate of $6.36 billion.

What is Jay Snowden's approval rating as PENN Entertainment's CEO?

30 employees have rated PENN Entertainment Chief Executive Officer Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among the company's employees.

What other stocks do shareholders of PENN Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PENN Entertainment investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS), Block (SQ), Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

What is PENN Entertainment's stock symbol?

PENN Entertainment trades on the NASDAQ under the ticker symbol "PENN."

Who are PENN Entertainment's major shareholders?

PENN Entertainment's stock is owned by many different institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (0.34%), MUFG Securities EMEA plc (0.22%), Exchange Traded Concepts LLC (0.13%), Osborne Partners Capital Management LLC (0.07%), Campbell Capital Management Inc. (0.07%) and State of New Jersey Common Pension Fund D (0.06%). Insiders that own company stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino and Saul Reibstein.
View institutional ownership trends
.

How do I buy shares of PENN Entertainment?

Shares of PENN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PENN Entertainment's stock price today?

One share of PENN stock can currently be purchased for approximately $35.85.

How much money does PENN Entertainment make?

PENN Entertainment (NASDAQ:PENN) has a market capitalization of $5.56 billion and generates $5.91 billion in revenue each year. The company earns $420.80 million in net income (profit) each year or $1.42 on an earnings per share basis.

How many employees does PENN Entertainment have?

The company employs 21,973 workers across the globe.

Does PENN Entertainment have any subsidiaries?
The following companies are subsidiares of PENN Entertainment: Abradoodle LLC, Absolute Games, Absolute Games LLC, Alton Casino LLC, Ameristar Casino Black Hawk LLC, Ameristar Casino Council Bluffs LLC, Ameristar Casino East Chicago LLC, Ameristar East Chicago Holdings LLC, Ameristar Interactive LLC, Ameristar Lake Charles Holdings LLC, Argosy Development LLC, Argosy Gaming Company, BCV (Intermediate) LLC, BSLO LLC, BTN LLC, Boomtown Biloxi Interactive LLC, Boomtown Casino Biloxi, Boomtown LLC, Bossier Casino Venture LLC, Bullwhackers Casino, CCR Pennsylvania Food Services Inc, CCR Racing Management, CHC Casinos Canada Limited, CHC Casinos Corp., CRC Holdings, CRC Holdings Inc., Cactus Pete’s LLC, Casino Magic Bay St. Louis, Casino Magic LLC, Casino Rama Services Inc., Central Ohio Gaming Ventures LLC, Dayton Real Estate Ventures LLC, Delvest LLC, Development Ventures LLC, Double Bogey LLC, First Jackpot Interactive LLC, Gaming Jet Services LLC, Greektown Casino-Hotel, HC Aurora LLC, HC Bangor LLC, HC Joliet LLC, HWCC-Tunica LLC, Hollywood Casino Corp, Hollywood Casinos LLC, Hostile Grape Development LLC, Houston Gaming Ventures Inc., Illinois Gaming Investors LLC, Indiana Gaming Company LLC, Kansas Entertainment LLC, LVGV LLC, Louisiana Casino Cruises, Louisiana-I Gaming a Louisiana Partnership in Commendam, L’Auberge Interactive LLC, Magnum Pinnacle Interactive LLC, Margaritaville Resort Casino, Marquee by Penn LLC, Maryland Gaming Ventures Inc., Massachusetts Gaming Ventures LLC, Mountain Laurel Racing Inc, Mountainview Thoroughbred Racing Association LLC, PHK Staffing LLC, PM Texas LLC, PNGI Charles Town Gaming LLC, PNK (BOSSIER CITY) L.L.C., PNK (Baton Rouge) Partnership, PNK (LAKE CHARLES) L.L.C., PNK (River City) LLC, PNK (SA) LLC, PNK (SAM) LLC, PNK (SAZ) LLC, PNK Development 33 LLC, PNK Development 7 LLC, PNK Development 8 LLC, PNK Development 9 LLC, PNK Vicksburg LLC, Penn ADW LLC, Penn Hollywood Kansas Inc., Penn Interactive Ventures LLC, Penn NJ OTW LLC, Penn National GSFR LLC, Penn National Holdings LLC, Penn National Turf Club LLC, Penn Online Entertainment LLC, Penn Sanford LLC, Penn Sports Interactive LLC, Penn Tenant II LLC, Penn Tenant III LLC, Penn Tenant LLC, Pennwood Racing Inc., Pinnacle Entertainment, Pinnacle Entertainment Inc., Pinnacle MLS LLC, Pinnacle Retama Partners LLC, Plainville Gaming and Redevelopment LLC, Prairie State Gaming, RIH Acquisitions MS I LLC, RIH Acquisitions MS II LLC, Rocket Games, Rocket Speed Inc., SDGV Staffing LLC, SOKC LLC, San Diego Gaming Ventures LLC, Silver Screen Gaming LLC, St. Louis Gaming Ventures LLC, The Missouri Gaming Company LLC, The Shops at Tropicana Las Vegas LLC, Toledo Gaming Ventures LLC, Tropicana Las Vegas Hotel and Casino, Tropicana Las Vegas Hotel and Casino Inc., Tropicana Las Vegas Inc., Tropicana Las Vegas Intermediate Holdings Inc., Villaggio Development LLC, Washington Trotting Association LLC, Yankton Investments LLC, Youngstown Real Estate Ventures LLC, Zia Park Casino Hotel & Racetrack, Zia Park Interactive LLC, Zia Park LLC, and eBetUSA.com Inc..
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How can I contact PENN Entertainment?

PENN Entertainment's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The official website for the company is www.pngaming.com. The company can be reached via phone at (610) 373-2400, via email at penn@jcir.com, or via fax at 610-373-4966.

This page (NASDAQ:PENN) was last updated on 2/2/2023 by MarketBeat.com Staff